🚕 Self-driving Taxis are here

AI has proven to replace humans in many ways in the past 12 months.

Yet, there is one area that we have not seen much results on.

Creativity.

If AI is based on machine learning and training on historical data,

That means AI would only know what has already existed.

And does what you instruct it to do.

Hence, creativity may not be AI’s strength.

Will “creativity” be the future buzz word used for humans to convince employers how they are better than AI?

AFFECT YOU AND ME

🚕 Self-driving taxis are in California

Waymo has received approval from the California Public Utilities Commission to expand its self-driving taxi services in California, including multiple areas of Los Angeles and the Bay Area.

The company will operate its autonomous Jaguar I-Pace SUVs at speeds up to 65 mph on local roads and freeways in the approved areas.

Despite some safety concerns from local officials, Waymo plans a careful and incremental expansion approach.

🦅 AI models assist in military planning

The US Army Research Laboratory is testing AI chatbots, including OpenAI's GPT-4 Turbo and GPT-4 Vision models, as battle planners in war game simulations.

These experiments aim to assess the potential of AI in improving strategic military planning, previously limited to analyzing battlefield images and identifying airstrike targets.

👾 Amazon spends $1 billion on AI robotic startups

Amazon commits $1 billion to an industrial innovation fund focused on startups merging AI with robotics, aiming to enhance its logistics efficiency.

This move, part of a broader tech trend, underscores Amazon's commitment to automation and efficiency in its operations, with investments in companies like Mantis Robotics and a focus on generative AI.

🦷 Largest AI investment for dentistry so far

Overjet, an AI-powered dental technology firm, has raised $53.2 million in a Series C funding round led by March Capital.

This investment, the largest in AI for dentistry to date, brings Overjet's total funding to $133 million and valuation to $550 million.

The company's FDA-cleared platform aids in diagnosing diseases from X-rays, educating patients, and reviewing insurance claims.

Overjet serves thousands of dentists and partners with major insurers, impacting over 120 million members.

⚔ Palantir secures $178M with US Army

Palantir Technologies has secured a $178.4 million contract with the U.S. Army to develop and deliver 10 prototypes of the Tactical Intelligence Targeting Access Node (TITAN) ground station.

TITAN, a key component in the Army's multi-domain operations, will integrate AI and machine learning to process data from various sensors for enhanced mission command and precision targeting. The contract includes both "basic" and "advanced" versions of the ground station, with a focus on software-defined solutions and real-time intelligence.

AI INSIDER

👊🏻 This new chatbot beats ChatGPT-4

Anthropic's new AI chatbot, Claude 3, claims to outperform OpenAI's GPT-4 in several key benchmarks, including analysis, forecasting, and multimodal capabilities (processing both text and images).

Despite facing common AI challenges like bias and hallucinations, Claude 3 is distinguished by its ability to analyze up to 20 images simultaneously and generate more expressive responses.

It's designed for tasks such as responding to emails, conducting research, and creating content.

💸 Alibaba’s second major AI investment in 2024

Alibaba has made a significant move in the AI sector by leading a $600 million funding round for the Chinese AI startup MiniMax, marking its second major AI investment in 2024.

MiniMax, founded by former Microsoft and Alibaba executives, specializes in social AI and has seen its valuation soar to over $2.5 billion.

This investment follows Alibaba's earlier $1 billion funding in Moonshot AI, highlighting its aggressive strategy in the generative AI landscape.

🖼️ Image Generation is getting faster

ETRI's KOALA model revolutionizes AI image generation by creating high-resolution images from text in just 2 seconds.

This ultra-fast model, significantly smaller and more efficient than its predecessors, promises to transform creative services, content production, and education by reducing operational costs and processing times.

🏛️ Government steps in to control AI companies

The Indian government's directive requiring approval for deploying Large Language Models (LLMs) is raising concerns among startups and small companies.

Critics argue this could stifle innovation in a rapidly evolving AI space, favoring large corporations with the resources for compliance.

Questions about the practicality of such regulations, including the evaluation process and definitions of AI models, highlight the potential for hindering the development of AI-based products domestically.

AI GENERATED ART

Spaceship terminal on Mars